FRAUD PREVENTION FOR SAP

Beat Fraudsters Improve Earnings⎥

jens.kettler@remedyne.com +49-1512-5368120⎥

Frankfurt, February 11, 2015

PROBLEM: FRAUD IN THE ENTERPRISE

5%OF REVENUE

60%SAVINGS

18MONTHS

50%BY CHANCE

Organizations lose 1-5% of revenue annually to fraud; thereof 2/3 internal fraud(by employees)

IT monitoring can reduce losses by 60%. Also reduces costs.

Most cases are detected by chance after money is lost.40% by manual audit work.1% by IT controls.

It takes 18 months to detect fraud.Why so long?

Sources: Kroll, 2013/2014 Global Fraud ReportACFE, Report to the Nations on Occupational Fraud and Abuse, 2014 Global Fraud Study

REMEDYNE SOLUTION

• Real-time audit checks for business processes• Flags transactions out of the normal• Helps resolving issues (case management)• Add-On: fully integrated with SAP ERP• Built-in checks, ready to run• Customers can add new checks

40 OUT-OF-THE BOX CHECKS: EXAMPLESSpend (P2P)Vendor master data3-way match (PO, GR, IN)CpD paymentsPayment details

InventoryMovements, retirement/scrapping of assets,Price changes

Asset AccountingUnusual movementRetirement without revenue

Revenue (O2C)Debtor master dataCredit limits and memosCpD postingsProcess violations

Accounting/GLRecurring postingsUnusual Transaction codesProcess violations

Custom ChecksImplement your own checks easily, use theRemedyne framework (admin, UI)

Embedded in SAP ERP

SYSTEM LANDSCAPE

SAP ERP

REMEDYNEFraud Prevention

SAP NetWeaver Gateway + REMEDYNE UI

Web Browser • Runs in all SAP ECC 6.0 versions

• UI5 + classical SP GUI• Installation and customizing:

Add-On, within 1 day (ships with default configuration)

• No extra servers required, no data replication

• SAP security mechanisms (e.g. authorizations)

FEATURES

• Inbox with overview on new alerts• Access to alerts defined by SAP

authorizations

FEATURES

• Alert details: list of alerts and• Information that supports decision

making process

FEATURES

• User can add comments/more information

• Send pre-built emails out of system

• All activity is logged

FEATURES

• Finally, user approves or rejects alert

• All data of the alert and comments/actions are archived

FEATURES

• Search in alerts• Dashboards/KPIs to control effectiveness of

control and identify areas with weaknesses

• Customers can add new checks• Central administration console

FEATURES

• Detect areas/company codes with high risks/control weaknesses

REMEDYNE FRAUD PREVENTION FOR SAP

• Automated audit checks, detect fraud and errors in real-time and avoid financial losses

• Detect more issues, at lower cost• Pre-defined checks• Auditors can focus on non-standard cases• Fully integrated with SAP ERP: no data leaves SAP

system, no extra servers• SAP certified• Web-based consumer-grade UI• Fast deployment• Take our free trial and get results within 1 hour

ABOUT REMEDYNEREMEDYNE was founded in 2012 in Frankfurt am Main (Germany) by SAP and audit veterans.

The company name REMEDYNE is a combination of the words remedy and dyne. According to the Oxford Dictionary, a remedy is a means of counteracting or eliminating something undesirable. In physics, the dyne is a unit of force; from Greek δύναμις (dynamis) meaning power, force.

Upcoming events:

ACFE European Conference, London, March 22-24, 2015

SAP GRC2015, Nice, France, June 16-18, 2015

IIA 2015 International Conference, Vancouver, Canada, July 5-8

REMEDYNE GmbH, Gaussstrasse 5, 60316 Frankfurt, Germanywww.remedyne.com info@remedyne.com @remedyne⎥ ⎥

REMEDYNE helps customers prevent fraud and errors.Our software for continuous monitoring detects compliance and risk issues in business processes, resolves them, and increases company earnings.Now you can focus on the most important thing in your company: your business. Talk to us and find out how we can support you.REMEDYNE is a registered trademark of REMEDYNE GmbH in Germany and in several other countries.SAP, SAP NetWeaver and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries.All other product and service names mentioned are the trademarks of their respective companies.